5.0. SR 08-31-1998ITEM ~5.
ity of
River
MEMORANDUM
TO:
FROM:
DATE:
Mayor & City Council
Administrato (<
Pat Klaers, City .to ,/~~
August 31, 1998
SUBJECT: 1999 Budget
The first City Council worksession on the 1999 budget is scheduled for
Monday, August 31, 1998, in the Training Room following the completion of
some regular city business items. The proposed maximum levy must be
approved by the City Council and certified to the county no later than
Tuesday, September 15, 1998. Additionally, by September 15, the City
Council must establish its December public hearing dates for consideration of
the 1999 tax levy and budget.
Almost all of the August 31 evening will be dedicated to reviewing and
discussing issues related to the 1999 proposed budget. An additional
Council worksession to complete the budget review is anticipated to be
necessary. The agenda for the budget worksessions looks something like the
following:
· Discuss and review 1999 proposed revenues; including the tax class
compression impact on the net tax capacity.
· Discuss the 1999 proposed expenditures concentrating on personnel
and capital outlay items.
· Discuss the 1998 budget gap.
· Review the special levy and special revenue budgets.
· Review miscellaneous financial issues.
· Review required City Council action before September 15, 1998.
The city budget issues in 1999 are similar to what the city has had to deal
with in the past few years. As before, the challenge facing us in 1999 relates
to how the city can finance the increased demand for services. The budget
concerns in 1999 include how the city can finance the necessary additional
personnel, capital outlay items, increases in services, and new programs
when the only substantial increase in revenues comes from taxes. This will
be especially challenging in 1999 with the continued compression of the tax
classes and this impact on the city's net tax capacity (NTC) growth.
13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425
1999 Budget Memo
August 31, 1998
Page 2
REVENUES
Overview
Last year the general fund revenues were budgeted to increase by $369,400.
For an accurate comparison to the 1999 budgeted increase in revenues, the
adiusted increase in 1998 is $341,000. This is based on the liquor store
transfer of $28,400 for the City Hall debt being moved out of both the general
fund revenues and expenditures. Of this $341,000 total, the tax increase was
$191,000, the COPS FAST increase was $51,000, the local government aid
(LGA) increase was $14,000, and the new PERA revenue was $10,000. These
four sources amount to $266,000 of additional revenue. An additional
$75,000 in revenue related to the city's growth (i.e. plan check fees, building
permits, etc.) was generated in 1998.
The initial 1999 projections show taxes increasing by $201,000. However,
COPS FAST revenue decreases by $21,000, LGA decreases by $14,000, and
there is no change in the PERA revenue. These four sources amount to an
increase of $166,000 which is $100,000 less than last year. Additionally the
city would like to decrease its dependence on cash flow reserves to balance
the budget ($25,700 was used last year), and this compounds our revenue
shortage problem. Growth related revenues can increase by a similar
amount as to what we saw last year. Overall we are short of revenues and
this is in part related to the changes in COPS FAST program and the LGA
program.
Taxes
Last year the city had levy limits imposed for the first time in a number of
years. This levy limit law continues for 1999. This law allows the city to
increase its non-bonded 1998 tax revenue by an inflationary factor and a
household growth rate. There should be sufficient increased tax revenue
available within the levy limit to fund necessary expenditures. The real
issue is if the NTC will increase sufficiently to keep the city tax rate
reasonable.
Taxes are over 50 percent of the general fund revenues. Accordingly, the
increase in tax revenue is essential to cover increased expenditures. The city
has grown rapidly, but last year we saw one of our smallest increases in NTC
due to the compression of the tax classes. The NTC increased about 4 percent
last year whereas it increased 11.5 percent in 1997 and 14.9 percent in 1996.
This small increase in NTC made generating additional tax revenue without
1999 Budget Memo
August 31, 1998
Page 3
a tax rate increase almost impossible, and is the main reason the 1998 city
tax rate went up 6.2 percent.
Last year for the first time, the city allocated $100,000 from its general tax
levy towards a capital improvement program (CIP). In retrospect, this was a
very wise decision as this money is needed for the Lake Orono project. This
CIP tax levy is projected to continue and is again shown at $100,000 for 1999.
If possible, this CIP tax levy should increase in order to pay off the city Lake
Orono project expenses in 1999. This decision on the Lake Orono tax levy
amount needs to be made by the Council in September. As an aside, if this
CIP tax levy increases, it will help in the planning for a pavement
replacement program.
The 1999 tax revenue projection is based on keeping the tax rate identical to
the 1998 level and based on an estimated city NTC increase of 4 percent.
Based on these assumptions, the projection shows an additional $201,200 in
tax revenue for 1999 and the city needs more than this amount of money to
meet its needs.
The taxes generated by the above formula is about $280,000 short of the
maximum allowed by law. If the city's NTC increased by 4 percent and the
city levied to the maximum allowed by law, then the city tax rate would go up
approximately 8.2 percent from 26.255 to 28.416. However, if the city's NTC
increases by 6 percent, then the city can levy to the maximum allowed by law
with no change in its city tax rate. Information on the city NTC growth is
vital in order for the City Council to make an informed decision on the
appropriate level of additional tax revenue for 1999.
Intergovernmental Revenues
As noted above, due mainly to the reduction in COPS FAST and LGA
revenues, this category is projected to decrease by $25,800.
Char~es for Services
This category is projected to increase by approximately $55,200. The major
increases are in administrative projects fees (+ $15,000), plan check fees
(+ $10,000), recreation fees (+$10,000) and the school liaison program
(+ $10,000).
Fines and Forfeits
This police revenue category is projected to increase by $10,000.
1999 Budget Memo
August 31, 1998
Page 4
Licenses/Permits
This category is projected to increase by $21,200. The major changes include
an increase in building permit fees (+$15,000) and plumbing/heating permit
fees (+$5,000).
Other Revenues
No changes are projected in this category.
Transfers
This budget category fluctuates more from year to year than any other
budget revenue category. The initial 1999 projections show a decrease of
$83,300. The adjusted decrease is $54,900, due to the liquor store
participation with the City Hall debt being moved out of the general fund.
Accordingly, the $54,900 transfers decrease can be found in the cash flow
reserve (-$25,700), capital outlay reserve (-$14,150), the street reserve
(-$10,000), and the liquor store (-$5,050). As the Council knows, staffis
always concerned about becoming too dependent on transfers from reserves
as these reserves are finite in nature and limited. Using cash flow reserves is
a poor budgeting habit that we try not to do on an annual basis. The capital
outlay transfers went down due to (1.) the balancing of the school liaison
program and use of D.A.R.E. reserves and (2.) the fact that no election is
scheduled for 1999, and therefore, no election transfers are moving into the
budget. From a realistic point of view it is understood that some transfers
from reserves will have to increase in 1999 from this original projection.
Summa~
Overall the revenue picture is not very pleasant. Total revenues are
projected to increase $178,500. This will not be sufficient to meet our needs.
The main source of additional funds will have to be taxes, but some reserves
could be added and/or cuts in expenditures will need to be made. Besides the
tax class changes/NTC growth issue, we are starting to realize the impact of
the COPS FAST revenue going down. This revenue will continue to decrease
substantially in 2000 and 2001 and is anticipated to go from $131,000 in
1999 to zero by 2001. This will make balancing the budget in 2000 and 2001
difficult.
It should be noted that last year the total tax rate went down in spite of the
city and county tax rates going up. This was mainly due to action by the
state legislature to increase funding for school districts. At this point we can
1999 Budget Memo
August 31, 1998
Page 5
only hope for similar results in 1999. Unless the NTC increases more than it
did last year, the city tax rate will have to go up in order to generate the
additional tax revenue which is needed to support 1999 general fund and
debt expenses.
At the budget worksessions it will be recommended to the City Council that it
approve the proposed maximum levy at the highest level allowed by the levy
limit law. This is the same action the City Council took last year, however,
at the December public hearing the Council reduced the tax levy amount.
The NTC information from the county was not available last year until the
beginning of October. This information is essential in order for the City
Council to make an informed decision about the impact on the city tax rate
for generating additional tax revenue. In a recent conversation with the
County Auditor, it was indicated that the 1999 NTC information should be
available "around" Labor Day. This may affect when the next budget
worksession is scheduled. If the Council approves the levy limit maximum,
then like last year, most of the real budget work will be done in October and
November. This will allow staff time to receive Council input in September
and refine revenue and expenditure estimates for worksessions later in the
year.
EXPENDITURES
The requested expenditures for all city departmental budgets are scheduled
to be handed out at the 8/31/98 worksession.
Included in the departmental budgets will be a request for additional
personnel. The list of personnel requests includes a full time Economic
Development assistant (40% in the general fund, 40% in the EDA budget,
and 20% in the HRA budget), a part time assistant for the Senior Citizen
Coordinator, a police records clerk, and a 3/4 time recreation programming
clerk. Additionally, there will be some new projects and programs to review
with the City Council including the cost associated with the Youthbound
project, a proposal to codify the city ordinances, and a proposal for a new
mapping system called Arc View/Arc Info. New, large, or unusual equipment
purchases that will require City Council review includes the $75,000 fire
department tanker chassis, the $106,000 street department truck, and the
expedition type of vehicle for the police sergeants rather than a more typical
police sedan.
A number of financial issues will also need to be decided by the City Council
which are not in any individual budget. One of these issues is how the city is
going to finance the police department's request to address the Y2K issue as
1999 Budget Memo
August 31, 1998
Page 6
previously reviewed with the City Council in May. The police department
still needs about $58,000 worth of expenditures to update their
communication/computer systems. (The Council has already authorized
approximately $12,000 in expenditures.) This approval by the City Council is
needed before the end of the year, and a source of funds for this expenditure
has yet to be identified.
Finally, there are some organizational changes in some budgets that should
be noted...The data processing budget has been eliminated and the data
processing requests from individual departments are within their own
budget...As previously noted, the liquor store transfer for part of the City
Hall debt has been eliminated from both the expenditures and the revenue
sections of the budget. This shows up in the government building budget.
Also, the government building's budget has changed whereby now we have a
full time employee rather than contracted services, the police cleaning
services are now out of this budget, and the budget title has been more
correctly relabled to be a City Hall Maintenance budget...The City Council
Contingency budget contains fewer dollars for additional employees as, in
1999, most of the additional employees are expected to be approved when the
budget is adopted. In the past, there has always been some uncertainty as to
if the employees would be hired and when. Therefore, money for the
positions were in the contingency fund. Most of the 1999 positions will be
reviewed with the departmental budgets.
1999 BUDGET GAP
At this point, budget requests have only been received and compiled. The
budget requests have not been reduced based on available revenues and
whether or not the request is a minimum requirement or a "nice to have"
request.
Last year personal services went up $348,150 in the budget. The personal
services increase in 1999 is expected to be more than last year as most of the
employee additions have been moved out of the contingency fund and into
each departmental budget. Additionally, last year there was a slightly
higher number of additional employees hired and position changes than what
we typically experience, and these actions are reflected in the 1999 figures.
At this time, the 1999 personal services is projected to increase somewhere
between $475,000 and $500,000.
This personal services situation highlights the need for the city to add the
additional $280,000 in tax revenue which is available within the levy limit
law. If this tax revenue is added to the current projection of plus $178,500,
1999 Budget Memo
August 31, 1998
Page 7
then the total general fund additional revenues will be in the $455,000 range
and all of this general fund revenue increase will be in the taxes category.
In addition to the personal services increase in 1999, the other budget
categories typically increase in the $150,000 range. Accordingly, even if we
levied to the maximum allowed by law, the city will still have a budget gap of
$150,000 - 200,000 between available revenues and requested expenditures.
With some cuts in requested expenditures, some increases in revenues, by
purchasing some equipment now rather than in 1999, or by encumbering
some 1998 funds for 1999 expenses; then it is believed that this $150,000 -
200,000 budget gap can be reduced down to a more reasonable and
manageable level (i.e. under $50,000).
SPECIAL LEVY AND SPECIAL REVENUE BUDGETS
Outside the general fund, the city has a number of budgets that are special
levy or special revenue budgets. These budgets are as follows:
· Library
· Surface Water Management (SWM)
· Special Assessments
· Equipment Certificates
· Equipment Reserves
· HRA
· EDA
· Landfill
· Ice Arena
The 1999 Library and SWM budgets have no substantial changes from the
budgets that were adopted in 1998. The Special Assessments budget is going
up in 1999 due to the city assessments for the Lake Orono project. These
assessments are in addition to the city's contribution to the project. The
Equipment Certificates are projected to increase in 1999 based on the street
department's need for a new truck. Please note that the equipment
certificate level is anticipated to remain near the $200,000 mark for the
foreseeable future as the street department needs are anticipated to continue
at the level identified in the 1999 budget. Certificates have been in the
$100,000- $120,000 range for the past few years. Equipment Reserves are
projected to increase due to the fire department request for tanker truck
chassis in the amount of $75,000. Funding for this trunk expenditure will
come from the Utilities' contribution.
1999 Budget Memo
August 31, 1998
Page 8
The HRA and EDA budgets are proposed to levy to the maximum allowed by
law. The details of these budgets have yet to be completed. The city has
always levied to the maximum allowed by law for these two budgets. It is the
conclusion of the EDA and HRA that this revenue will again be needed in
1999 in order to finance additional staff support for economic development
activities and for the projects currently being discussed.
The Landfill budget is straightforward. Landfill revenues cover expenditures
associated with monitoring activities at the landfill.
The Ice Arena budget needs more discussion by the Council as we are slowly
but surely getting a clearer picture of annual revenues and expenditures.
This is the only expenditure budget that is included with this memo. The
original projections from the Marquette feasibility study are not being
realized. The deficit in 1996 and 1997 is approximately $55,000. Over time
the facility should cash flow, but the 1996/1997 deficit needs to be addressed.
The proposal includes using the $36,000 the city has put away over the past
few years for ice arena "emergencies," and using $19,000 from the 1999 tax
levy. Reserves could be used in lieu of the tax levy. The estimate for 1998
and 1999 is better than the deficit that was realized in 1997, but progress is
slow as expenditures have exceeded projections for the operation of two ice
rinks and revenues have not matched expectations.
MISCELLANEOUS FINANCIAL ISSUES
Last year under this budget worksession topic, we discussed a number of
equipment purchases (in order to keep the next year's requests down), a
number of personnel adjustments, the library improvements, and
improvements at the old Nord house. This year our main topic is some
personnel issues. The budget meeting is one of the City Council meetings
throughout the year where the Council typically makes some decisions on
personnel issues. The City Personnel Committee is still working on some
requests and most of the recommendations are not yet ready for City Council
consideration. However, on 8/31 there will be a number of requests verbally
presented for the City Council's deliberation.
CITY COUNCIL ACTION
At the August 31, 1998, City Council budget worksession, or at a follow up
City Council worksession, the City Council should consider the following:
1. Motion approving the EDA tax levy resolution.
1999 Budget Memo
August 31, 1998
Page 9
Motion approving the HRA tax levy resolution.
Motion to adjust debt levies per recommendation of the Assistant City
Administrator (Lori will have a handout and make a presentation on
these adjustments at the worksession).
Motion approving the city tax levy resolution.
Motion calling for the city Truth in Taxation public hearing on the tax
levy and budget for December 2, 1998, with a continuation date of
December 9, 1998.
The issues noted above require City Council action no later than early
September in order for information to be certified to the county by September
15, 1998.
As previously noted, in order for the finance department to put together the
tax levy resolution, some decisions by the City Council will need to be made
in the very near future. These decisions include:
2.
3.
4.
How the city will finance the Lake Orono project
What level the equipment certificates will be at in 1999
How the city plans to finance eliminating the 1996-97 Ice Arena deficit
Whether or not the City Council is comfortable approving the
maximum levy allowed by law
Attachment______as
· 1999 general fund revenues
· Ice Arena budget
· 1997 tax rate information
SOURCE OF FUNDS
GENERAL PROPERTY TAX
1996 1997 1998 1999
ACTUAL ACTUAL ADOPTED PROPOSED
$2,160,675 $2,470,418 92,632,600 92,833,800
957,127 1,041,805 1,102,550 1,076,750
476,632 509,976 347,300 402,500
80,028 84,221 80,000 90,000
439,001 492,321 317,950 339,150
91,852 122,621 64,150 64,150
267,950 270,169 360,700 277,400
94,473,265 94,991,531 94,905,250 $5,083,750
INTERGOVERNMENTAL REVENUES
CHARGES FOR SERVICES
FINES & FORFEITS
LICENSES & PERMITS
OTHER REVENUES
TRANSFERS
TOTAL
8/28/98
GENERAL PROPERTY TAX
Ad Valorem Tax
INTERGOVERNMENTAL REVENUES
Local Government Aid
HACA
Local Performance Aid
PERA Aid
Police Relief
Gravel Tax
Urban Street Maintenance
Cops Fast Grant
State Crime Prevention Grant
Police Training Reimbursement
Other Grants (Safe & Sober)
CHARGES FOR SERVICES
GENERAL GOVERNMENT
Administrative Project Fees
Plan Check Fees
Planning & Zoning Fees
Contractor License Surcharge
Sewer inspection Fees
Miscellaneous Sales
Assessment Searches
PUBLIC SAFETY
School Liaison
Police Contract
impound Fees
Fire Calls & Contracts
PUBLIC WORKS
Street Services
RECREATION
Recreation Fees
92,833,800
227,650
506,000
17,750
11,500
100,000
41,000
28,000
108,350
23,000
5,500
8,000
30,000
122,750
17,500
5,200
1,000
2,500
5,000
70,000
7,000
2,300
76,000
3,000
60,250
92,833,800
1,076,750
402,500
SOURCE OF FUNDS
FINES & FORFEITS
Court Fines
Parking Fines
85,000
5,000
90,000
LICENSES & PERMITS
PERMITS
Building Permits
Building Permit Surcharge
Plumbing & Heating Permits
Other Non-Business
LICENSES
Dog/Cat
Cigarette
Liquor
Amusement
Gas Fitters
Garbage Haulers
Mineral Extraction
Apartment Licenses
Other Business
OTHER REVENUE
Interest
Landfill Surcharge
Contribution-Guardian Angels
Refunds & Reimbursements
TRANSFERS
Liquor
Capital Outlay Reserve
Street Reserve
Landfill
NSP/RDF Reserve
Sewer
Utilities
Economic Development Authority
Housing & Redevelopment Authority
213,500
800
52,000
1,000
1,900
500
35,000
2,250
1,800
75O
10,800
11,850
7,000
45,000
9,000
3,700
6,450
90,000
28,900
30,000
19,750
19,750
8,000
78,000
2,000
1,000
339,150
64,150
277,400
TOTALSOURCE OFFUNDS
$5,083,750
8/28/98
REVENUES
ELK RIVER ICE ARENA
1999 PROPOSED BUDGET
1998 1999
1997 1998 Actual to Proposed
Budqet Actual ~Bud.qet Estimate. Au.q. 20 Budget
Ice Rental 364,715 295,141 376,900 324,655 85,268 337,600
Admissions 30,000 23,811 30,000 27,000 12,507 28,500
Sign Rental 20,000 16,809 20,000 18,000 (1,200) 9,000
Dry Floor Events 6,000 6,705 6,000 6,500 8,441 10,000
Concession Rent 20,400 20,000 21,000 21,000 20,000 21,500
Vending 20,000 23,103 20,000 24,000 14,366 24,000
Skate Sharpening 5,000 4,637 5,000 4,600 3,199 5,000
Other Mdse Sales/Phone Comm. 1,500 1,544 1,500 2,000 817 2,000
Interest Income 1,490 0
Contributions 1,100 0
TOTAL 467,615 394,340 480,400 427,755 143,398 437,600
EXPENDITURES
Regular Pay 35,000 42,731
Overtime Pay
Part Time Pay 34,400 46,810
Benefits 15,050 13,500
Operating Supplies 4,000 20,794
Building Maintenance Supplies
Motor Fuels
Uniforms
Legal Fees 1,999
Other Professional Services 4,000 545
Building Repair & Maint. 39,000 2,237
Equipment Repair & Maint. 6,000 4,705
Equip. & Mach. Rent 2,397
Insurance 20,000 8,546
Utilities 90,000 68,654
Cleaning Services
Dry Floor Events 2,000 1,176
Telephone 1,369
Postage 219
Travel, Conf. & Schools 766
Dues & Subscriptions 346
Printing & Publishing 1,275
Total Operating 249,400 217,072
Capital Outlay 10,847
Vending Mdse for Resale 11,683
Other Mdse for Resale 953
59,600 59,600 35,589 64,450
62 200
34,450 34,450 21,884 42,100
20,100 20,100 11,581 22,750
6,500 18,000 9,047 10,400
1,567 4,550
2,000 2,000 16 3,550
350 350 350
5,100 1,000 10,279 5,100
15,000 5,000 13,767 7,700
9,150 7,000 3,917 12,750
750 2,500 583 1,550
6,000 9,000 2,435 6,000
68,350 68,350 44,318 74,850
573 800
700 1,300 35 2,650
900 1,500 1,518 1,400
300 300 509 600
1,650 1,650 595 1,650
400 400 94 400
1,000 1,000 647 1,300
232,300 233,500 159,016 265,100
3,100 3,100 1,276 1,800
6,500 13,000 6,325 13,000
650 1,000 243 650
Excess (Deficiency) of Revenues
Over (Under) Expenditures 218,215 153,785
237,850 177,155 - 23,462 157,050
Bond Principal 40,000
Bond Interest 159,600
Total Debt Service
80,000 80,000 80,000 85,000
117,450 117,450 117,420 112,850
199,600 204,588 197,450 197,450 197,420 197,850
Excess (Deficiency) After
Debt Service
18,615 (50,803) 40,400 (20,295) (220,882) (40,800)
Fund Balance Previous Year
(4,148)
Fund Balance December 31, 1998
$(54,951)
Notes: 1997 and 1998 Budgets based on ERYHA proposed budget and Marquette Study.
1998 Estimated Budget is based on 1997 actuals with inflation and growth increases.
8/25/98
Ice97sum
Average Total
Tax Rate
City 1996 Population for 1997
7 County Metro
Andover 21,495 107.37
Anoka 17,693 113.42
Champlin 19,838 116.41
Ch~uhassen 16,199 150.80
Chaska 14,370 136.55
H_~m Lake 11,030 103.12
Hastings 16,920 121.30
Lino Lakes 13,756 129.03
Mounds View 12,789 136.34
N. St. Paul 12,764 130.37
Prior Lake 13,519 140.48
Ramsey 16,431 108.54
Rosemount 12,272 124.05
Savage 15,152 142.17
Shakopee 14,292 133.83
Stillwater 15,906 127.70
Vadnais Heights 12,895 125.04
White Bear Lake Twp. 10,703 123.16
Non Metro
Albert Lea 18,183 114.16
Brsinerd 12,591 111.29
Fairmount 11,337 117.30
Fairbault 18,838 132.75
Fergas Falls 13,079 117.33
Hutchinson 12, 587 146.76
Marshall 12,348 113.46
New Ulm 13,881 128.12
N. Mankato 11,561 122.69
Northfield 15,859 119.52
Owatonna 20,577 121.23
St. Peter 9,789 130.33
Willmar 18,654 130.31
Worthington 10,411 110.25
Becker 1,711 75.49
Big Lake 4,022 111.53
Buffalo 9,114 112.76
Otsego 6,391 125.41
Rogers 1,364 122.62
Zimmerm an 2,022 134.91
ELK RIVER 14,019
Source: September 1997 League of MN Cities Magazine
s:\admin\citypop.doc
112.77
1999 PRELIMINARY LEVY ESTIMATES
Levy to Levy Limit
Gross
Levy
Levy Limit 3,945,591
Matching Grants** 64,922
City Special Assessments 30,451
1989 Fire Equipment Bonds 71,862
1994 Storm Sewer Bonds 114,225
1995 Certificate of Indebtednes 23,631
1996 Certificate of Indebtednes 22,857
1997 Certificate of Indebtednes 28,978
1998 Certificate of Indebtednes 31,500
1999 Certificate of Indebtednes 50,000
601,079 Net
HACA Levy
540,968 3,404,623
8,901 56,021
4,175 26,276
9,853 62,009
15,661 98,564
3,240 20,391
3,134 19,723
3,973 25,005
4,319 27,181
6,855 43,145
4,384,017 601,079 3,782,938
Levy to 26.255 Tax Rate
Gross 601,079 Net
Levy HACA Levy
3,645,327 536,548 3,108,779
64,922 9,556 55,366
30,451 4,482 25,969
71,862 10,577 61,285
114,225 16,813 97,412
23,631 3,478 20,153
22,857 3,364 19,493
28,978 4,265 24,713
31,500 4,636 26,864
50,000 7,359 42,641
4,083,753 601,079 3,482,674
Programs included in Levy Limit
General Fund
Library
Dam Loan
Development Fund
Surface Water Management projects
Capital Improvements
8/31/98
1999 BUDGET
NTC, Tax Rate, and Levy Information
1998 Levy Limit: $2,956,151
1998 Tax Rate: 26.255%
1998 Taxable Tax Capacity: 12,383,123
1998 Tax Capacity increase: 3.84%
1998 General Fund Ad Valorem Tax: $2,632,600
1998 Final Levy included in Limit: $2,906,501
1998 HACA: $601,385
1999 Growth Assumption Tax Capacity
No growth 12,383,123
1% growth 12,506,954
2% growth 12,630,785
3% growth 12,754,617
4% growth 12,878,448
5% growth 13,002,279
6% growth 13,126,110
7% growth 13,249,942
8% growth 13,373,773
9% growth 13,497,604
10% growth 13,621,435
11% growth 13,745,267
Maximum Levy
with 26.255%
Tax Rate
3,251,189
3,283,701
3,316,213
3,348,725
3,381,237
3,413,748
3,446,260
3,478,772
3,511,284
3,543,796
3,576,308
3,608,820
1999 Levy Limit: $3,404,623
1999 Debt Levies: $373,504
1999 Matching Grants Levy: $64,922
1999 HACA: $601,079
Tax Rate
if Levy to
the Limit
30.549%
30.247%
29.950%
29.659%
29.374%
29.094%
28.820%
28.551%
28.286%
28.027%
27.772%
27.522%
8/31/98:5:00 PM
1999 CAPITAL OUTLAY
& Council
Administration
Elections
l~ng
Item
City Code Software
Meter
opy Machine
Fundin~
General
Fund
1,500
1,900
Internet Research Workstation
~uters - 2
File Server Upgrade
Optical Scanners - 3
mputer
10,650
1
10,650
20,1
2,500
Source
Equipment Equipment
Certificate Reserve
Department
Total
1,500
27,300
20,10C
& Envior.
Govt. Buildin~
Police
Software/Hardware for mapping system
3mputers
opy Machine
City Hall Building Debt
Squad Cars (2) & Setup/S__ttriping
Tahoe/Expedition
3,500
67,6OO
35,000
Fire
Streets
Parks
Recreation
Mobile Radios
stigator Vehicle
__ Chassis for Tanker 2
payment
Siren
;omputer/Fuel System Upgrade
Tandem Axel Truck
Skid Loader
tility Vehicle
Bleachers
Water Pump
Improvements
Ice Arena
6,000
6,000
6,000
8,00C
$203,
30,000
31,000
17,00(
23,100
67,600
11
75,000
29,000 117,000
13,000 1
111,00C
21,000
137,000
16,000
8,000
$139 $552
8/31/98